VimpelCom

Reference Material on VimpelCom

Vimpel-Communications, or VimpelCom, alternates with Mobile TeleSystems as the No. 1 cellphone operator in Russia. It is also making a land grab for cellular market share in the former Soviet Union, because much of Western and Eastern Europe is already flooded with cell phones. VimpelCom became the first Russian company to list on the New York Stock Exchange in 1997. But its share price fell this year amid infighting between its two principal minority shareholders, Norway's Telenor and Russia's Alfa Group. The chief executive, Aleksandr V. Izosimov, is believed to represent Alfa's interests. The market capitalization is $8.9 billion. ANDREW E. KRAMER (NYT)

October 5, 2010, Tuesday

The Norwegian company Telenor and the telecommunications arm of the Russian financial and industrial conglomerate Alfa, two large investors in the mobile phone industry in the former Soviet Union and former Communist countries in Southeast Asia, have...

Telenor of Norway said it was very close to closing a deal with Russia's Alfa Group to merger their Russian and Ukrainian mobile operators following a successful share exchange and the withdrawal of a court suit.